Jeera prices fell by Rs 365 to trade at Rs 18,275 per quintal in futures market today as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.
Also, ample stock positions following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the current month fell Rs 365, or 1.96 per cent, to trade at Rs 18,275 per quintal with an open interest of 3,669 lots.
Similarly, the spice for delivery in August contract moved down by Rs 320, or 1.71 per cent, to Rs 18,355 per quintal in 3,483 lots.
Analysts said besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stock positions, kept pressure on jeera futures.
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